| Intrinsic Valuation of: INDUSTOWER | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 37 | Market Cap | ₹1,110B | |||||
| 2021 | - | - (-) | P/E Ratio | 11 | Total Asset | ₹632B | |||||
| 2022 | ₹58B | - (-) | Net Income | ₹99B | Total Debt | ₹2B | |||||
| 2023 | ₹43B | -26.6% (-28.3%) | EBITDA | ₹214B | Total Liab | ₹307B | |||||
| 2024 | ₹26B | -38.6% (-39.1%) | Opr Margin | 0.48 | Debt/Equity | 0.00 | |||||
| 2025 | ₹129B | 389.2% (364.4%) | PreTax Margin | 41.78 | BV/Share | 123 | |||||
| 5Y Average FCF | ₹64B | 108.0% (99.0%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (25.0%) | ||||||||||
| 2026 | ₹161B | MBG Intrinsic Value | ₹334 | ||||||||
| 2027 | ₹201B | ||||||||||
| 2028 | ₹251B | ||||||||||
| 2029 | ₹314B | ||||||||||
| 2030 | ₹392B | ||||||||||
| 2031 | ₹491B | ||||||||||
| Terminal Value | ₹10,200B | Net Worth/Share | ₹123 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹7,991B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹1B | ₹3,030 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹2B | WACC | 7.3% | 2,634 | 2,845 | 3,098 | 3,411 | 3,804 | |||
| Equity Value | ₹7,991B | 7.4% | 2,610 | 2,816 | 3,064 | 3,369 | 3,752 | ||||
| Shares Outstanding | 2,637,240,064 | 7.4% | 2,585 | 2,787 | 3,030 | 3,328 | 3,701 | ||||
| 7.9% | 2,362 | 2,529 | 2,726 | 2,963 | 3,254 | ||||||
| DCF Intrinsic Value | ₹3,030 | 8.4% | 2,172 | 2,311 | 2,474 | 2,667 | 2,899 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||